Share Market News Today | Sensex, Nifty, Share Prices Highlights: The benchmark equity indices settled in the positive territory on Friday. The NSE Nifty 50 soared 0.78% to hit a fresh high of 20,291.55 during intra-day trade and settled at 20,267.90, up 134.75 or 0.67, while the BSE Sensex added as much as 492.75 points to settle at 67,481.19. The broader indices ended in green with the gains led by Midcap and Smallcap stocks. Bank Nifty index added 332.45 points to settle at 44,814.20. Media stocks led the gains among the other sectors and indices, soaring 2.57%. Meanwhile, PSU Bank, Financial Services, FMCG, and Realty stocks also rallied, each gaining over 1%, while Auto stocks faced corrections. ITC, NTPC, Axis Bank, Larsen & Toubro, and Brittani Industries were the top gainers on the NSE Nifty 50, while the laggards included Wipro, HDFC Life Insurance Company, Hero MotoCorp, Mahindra & Mahindra, and SBI Life Insurance Company. The volatility index (India Vix) ended down 2.42%.
Share Market Today | Sensex, Nifty, BSE, NSE, Share Prices, Stock Market News Live Updates
The benchmark Indian equity index, NSE Nifty 50, advanced 0.47% to a fresh all-time high of 20228.1 during the early trade on Friday.
The NSE Nifty 50 opened at 20194.1 up 0.30%, while BSE Sensex opened at 67,181.15 up 192.71 points.
“Markets are likely to be on a firm ground in early Friday trades tracking strong gains in the Gift Nifty index despite a mixed trend in global equities. The biggest positive catalyst has been the resurgent optimism from the FII camp, which bought local shares worth over Rs 8,000 crore on Thursday amid moderating US bond yields and fading concerns of further interest rate hike. Markets may also react to exit poll results of 5 state elections which has been a mixed bag for the two largest parties. From a technical perspective, all bullish eyes on Nifty’s all-time-high of 20,223 mark,” said Prashanth Tapse, Senior VP (Research), Mehta Equities.
Foreign institutional investors (FII) purchased shares worth net Rs 8,147.85 crore, while domestic institutional investors (DII) sold shares worth net Rs 780.32 crore on November 30, 2023, according to the provisional data available on the NSE.
The US Dollar Index (DXY), which measures the value of the dollar against a basket of six foreign currencies, traded down 0.20% at 103.29.
WTI crude prices are trading at $75.76 down 0.26%, while Brent crude prices are trading at $82.83 down 0.32%, on Friday morning.
The Dow Jones Industrial Average closed at its highest level since January 2022 as investors crossed the finish line of a banner month for stocks and viewed cooling inflation data as a harbinger of easing Federal Reserve monetary policy, reported Reuters. The Dow Jones Industrial Average soared 520.47 points, or 1.47%, to 35,950.89 and the S&P 500 added 17.22 points, or 0.38%, at 4,567.8, while the tech-heavy Nasdaq Composite dropped 32.27 points, or 0.23%, to 14,226.22.
India’s gross domestic product (GDP) beat all estimates by a wide margin to grow at 7.6% in real terms in the September quarter (Q2FY24), with a big – and unexpectedly solid – push from manufacturing and investment segments that have been weak spots in the country’s economic landscape for long. The headline GDP number, way higher than the Reserve Bank of India (RBI) projection of 6.5% — even the most optimistic forecasts hovered around 7% —got backing from government consumption spending (up 12.4% on shrunken base), while private consumption, the largest part of the GDP, was muted (3.1%).